Case Studies & White Papers

A full function mobile money platform in under six months. Find out how.
RuralStar - A New Horizon for Rural Mobile Users. Learn more.

MWC 2018 News Channel

mwc18 banner

Latest Comments

  • Developing Telecoms More
    In this instance, the figures are based on the latest... Tuesday, 12 June 2018
  • Steve Costello More
    Those market share figures are interesting. Where did they... Monday, 11 June 2018
  • Developing Telecoms More
    All market share information is taken from GSMA Intelligence... Friday, 08 June 2018
  • Steve Costello More
    The market share figures are interesting. Where did they come from? Thursday, 07 June 2018
  • April More
    When will be launch? Sunday, 01 April 2018

MobiFone IPO puts internation focus on Vietnam

The Vietnamese government’s proposed IPO for state operator MobiFone has reportedly attracted significant international attention from heavyweight players.

In particular, Norwegian group Telenor is believed to be interested in taking a controlling stake in the operator – the Vietnamese number two – as a means of launching its own services.

MobiFone’s former partner Comvik International Vietnam has also reportedly expressed interest to the country’s Ministry of Information and Communication.

The Vietnamese government abandoned plans for an IPO back in 2006 despite interest from SingTel, Deutsche Telekom, Vodafone and Orange (formerly France Telecom). The latter group is reportedly still interested in a holding.

A MobiFone director has confirmed that talks with potential overseas partners are already underway. Key criteria for the talks include financial capacity, technology, expertise, and experience of governance.

In June this year, MobiFone was separated from fellow state-owned operator VNPT and given the rest of the year to submit a plan for an IPO. The operator has been valued at around $3.4 billion by Ho Chi Minh City Securities Corporation.

MobiFone had 40.7 million connections at the end of Q3 2014, behind Viettel (56.2 million connections) but well ahead of Vinaphone (21.4 million).


Comments powered by CComment